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February 15, 2012 – LOS ANGELES, CALIFORNIA – (Kazor.com) – Britain is once again suffering a recession and unemployment risks coming close into three million this year as forecasted by the leading economic forecaster. The UK’s economic recovery is ‘paralyzed’ by Europe’s debt crisis, the Ernst & Young Item club will warn, as it cut its GDP growth forecast from 1.5 per cent to 0.2 per cent. According to Eldridge Financial Blog, the dire prediction comes after nine European countries including France, have had their credit ratings downgraded on Friday, dropping world stock markets into turmoil.
Economists had hoped that exports and business investment would strengthen the economy this year, with public and consumerspending still in the doldrums. Nevertheless, Europe accounts for more than 40 percent of British trade and business confidence has been roughly hit by insecurity about the future of the Continent and the single currency. On Eldridge Financial Blog in the Sunday Telegraph quoted Professor Peter Spencer, chief economist at the Item Club, as saying: ‘Figures for the last quarter of 2011 and the first quarter of this year are likely to show that we are back in recession, and we are going to have to wait until summer before there are signs of improvement. Although he said the double dip was unlikely to be prolonged, he warned that unemployment was nevertheless likely to hit three million by early next year. Figures set for release on Wednesday are e...

WASHINGTON – The current strong gains in hiring makes the Federal Reserve policymakers worried that it could buzz if the economic growth of the US doesn’t go up.

According to the Fed’s minutes on Tuesday, members were first stated their concerns before they make a plan to keep interest rates at record lows until at least late year 2014. However, some of the members want to take further procedures to improve the economy current status if a condition gets worse or inflation remains reclaimed.

After the meeting, Fed presented the somewhat current view of the economy mainly because of the three consecutive months of hiring in two years. It was concluded that there have been similar raptures of hiring in the previous two years which ended up fading.

On the speech echoed by the Fed Chairman Ben Bernanke last week in the economists gathering, the decline of the economy recovery was the main concern of Fed as it did last year.

Americans aren’t receiving meaningful pay augmentation. Gas prices are high. Additionally, Europe’s debt crisis could reflect on the U.S economy. Provided that the inflation will remain on its current position, analysts think that the Fed will likely give interest rates down in order for them to give the economy an additional support. Most of the economists don’t think that Fed officials will alter their interest-rate policy at their following meeting on April 24-25 and will only relieve credits if...

Displaying 1 to 2 of 2 articles
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Articles by Chesterfield Lyons
1. Chesterfield Lyons Feature Article: Why Buy from Us?
January 22, 2012

Handmade in England. Not imported from Eastern Europe or the Far East (ask your local sofa shop where their sofas are made!), top grade leather is always used, no seconds, refinished or graded leather hardwood frames, not mass-produced, strict quality control from design through to shipping, 10-year...



2. Chesterfield Lyons: Where Does The Term Chesterfield Come From?
December 30, 2011

As Britain's original Chesterfield company...
This is a question we are often asked; the answer is we're not sure! We have customers the world over who have their own ideas; our Canadian customers like to think that Chesterfield is a Canadian word although they refer to any sofa as a Chester...

Handmade in England. Not imported from Eastern Europe or the Far East (ask your local sofa shop where their sofas are made!), top grade leather is always used, no seconds, refinished or graded leather hardwood frames, not mass-produced, strict quality control from design through to shipping, 10-year frame guarantee and with 25 years experience.

Our range of new Chesterfields and occasional chairs - All available in standard antique style leather or for a 20% premium in special full grain distressed leather for that true old Chesterfield look. Any sofa or chair can be made with a buttoned seat instead of cushions for an extra 10%.

10 year frame guarantee on all new Chesterfields - All our new products are guaranteed against faulty manufacture and materials for ten years from the date of purchase.

We can make all our range in made-to-measure sizes - As we manufacture all our own items we are able to offer a bespoke made to measure service on all new furniture. We can make any chair or sofa lower, higher, longer, deeper, firmer or softer, in fact if you have any special requirements we will be happy to quote you.

We can make all our range in made-to-measure sizes - As we manufacture all our own items we are able to offer a bespoke, made to measure service on all new furniture. We can make any chair or sofa lower, higher, longer, deeper, firmer or softer, in fact, if you have any special requirements we will be happy to quote yo...

The goal of Eldridge Financial's Global Management Division is to assist clients – affluent individuals, businesses and their owners, investing institutions and public sector entities – in attaining their financial goals.





Institutional Sales and Trading
As one of the nation's strongest and most experienced regional participants in the fixed-income markets, Eldridge Financial offers a depth of financial products combined with extensive market expertise. We provide sophisticated market analysis, superior service and attractive investment opportunities.
Public Finance
Our Public Finance group focuses on three primary capacities: debt management, fixed income asset management and financial advisory. As both an advisor and underwriter, we have a solid reputation for our expertise in all aspects of the investment process.

Investment Banking
With an exclusive focus on middle-market transactions, our seasoned professionals offer our clients high-quality investment banking experience and advice. We serve established middle-market companies and large corporations, both public and private.

Clearing Services
With a commitment to personalized service, Eldridge Financial provides solutions carefully tailored to meet your specific needs. Combining trusted industry names with cutting-edge technology, our products and services are designed to help you achieve your vision for the future of you...

A summary of trading in key commodities markets overseas:

ENERGY

World oil prices fell Friday as investors took profits from bumper gains made during a week that saw the promise of a comprehensive plan to rescue the eurozone.

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New York’s main oil contract, light sweet crude for delivery in December, slipped 64 US cents to $US93.32 a barrel.

Brent North Sea crude for December lost $US2.17 to $US109.91.

The New York price was still well above the $US86.31 close of a week before, after encouraging news on growth in China and the United States, and Thursday’s EU pact, fed expectations of firm demand.

Brent though was only slightly higher than the previous Friday’s $US109.54 as the gap between the two benchmarks appeared to be narrowing.

It’s hiring two aides of former President George W. Bush as lobbyists.

Joel Kaplan, previously deputy chief of staff in the Bush White House, is joining Facebook as vice president of U.S. public policy, a new position in which he will oversee the company’s public policy strategy and interact with federal and state policymakers.

Zuckerbergobama Myriah Jordan, who worked in the Bush White House in the office of the chief of staff, is joining Facebook as policy manager, focusing on congressional relations.

Facebook now has four registered lobbyists, two Republicans and two Democrats, Tim Sparapani and Adam Conner. It spent $230,000 on lobbying in the first quarter.

“At Facebook, we’re committed to explaining how our service works; the important actions we take to protect the more than 500 million people who use our service; and the value of innovation to our economy,” company spokesman Andrew Noyes said in a written statement. “This work occurs daily in Washington, at the state level, and with policymakers around the world.”

The two new hires come as Facebook finds itself embroiled in political debates on Capitol Hill over online privacy and child safety. Facebook has stepped up hiring in Washington, growing from a one-man operation in 2007 to a 12-member team.

June 4 (Bloomberg) — Sony Corp. said it contacted the U.S. Federal Bureau of Investigation and took action to protect its websites after intrusions by a group of hackers.

“We have confirmed that a breach has occurred and have taken action to protect against further intrusion,” Michael Lynton, chairman of Sony Pictures Entertainment, said in a statement. “We also retained a respected team of experts to conduct the forensic analysis of the attack.”

A group calling itself LulzSec posted statements online saying it broke into SonyPictures.com and downloaded unencrypted personal information, including passwords, e-mail addresses and dates of birth from 1 million user accounts.

The attack was the latest on Tokyo-based Sony, which in the past two months said more than 100 million accounts were compromised after hackers broke into its networks. Sony, which two days ago resumed full operation of the PlayStation Network in the U.S. and Europe after six weeks of suspension, said last month the intrusions will cost about 14 billion yen ($173 million) this fiscal year.

“My biggest concern is whether the expense related to unauthorized accesses will stay within 14 billion yen,” Tsunenori Ohmaki, an analyst at Tachibana Securities Co. in Tokyo, said yesterday. Online businesses have become more important to Sony as its main TV unit probably won’t contribute to earnings in the near future, he said.

LulzSec ...

Who should own a home? From the late 1960s to the mid-1990s, the answer in the U.S. was surprisingly consistent. Homeowners were savers who could muster significant down payments, with incomes solid enough to enable them to start repaying mortgages right away. During war, peace, boom times and recessions, the national rate of home ownership remained steady at 64 to 65 percent of households.

Starting in 1995, a home-ownership craze began. The belief took hold that rising home ownership meant a better society, no matter how fragile new buyers’ finances might be. Down payments started to matter much less; the same was true of income, which came to be ignored through no-documentation “liars’ loans.” By late 2004, a record 69.2 percent of American households owned their homes.

The U.S. housing market’s subsequent collapse has shown ubiquitous ownership to be a costly delusion. In the past nine quarters, more than 2.1 million homes have been foreclosed on. Lenders have lost countless billions of dollars in mortgage defaults or modifications. Yesterday brought news that the S&P/Case-Shiller index of urban home prices fell 3.6 percent in March from a year earlier, to the lowest level since 2003. The American housing slump isn’t finished yet.

A decade ago, three of the European countries with the fastest-growing rates of home ownership were Spain, Ireland and Greece. All three had boosted their rates above 80 percent, compared with a ...

Reporting directly to Maroun Mourad, Chief Executive Officer of Zurich’s General Insurance business in the Middle East, Samer will be instrumental in supporting Zurich’s growth initiatives for the region across all segments and will work closely with country General Managers to accelerate the build-up of Zurich’s retail operation.



Maroun Mourad said, “The first half of 2011 has seen Zurich make a number of senior appointments which is testament to our commitment to growing our presence in the region. The addition of Samer Abou-Jaoude to the Zurich team comes at a pivotal moment for the company as it gears up to roll out its broader general insurance proposition. Samer brings both multinational and regional expertise to the table. He has extensive operational, project management and consultancy expertise in the insurance industry and will help us to speed up the integration of Compagnie Libanaise d’Assurances and the launch of our retail platform”.



Samer has significant experience in the Middle East and North Africa region in insurance, management consultancy, and market development. He holds an MBA degree in Insurance Management from the Ecole Nationale d’Assurances in Paris, and an MA in International Affairs from the Lebanese American University.